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<h1 align="center" style="text-align:center"><span style="font-size:20.0pt;color:#2977bd">DFS Risk Targeting Models<u></u><u></u></span></h1>

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Dynamic Risk Management <!-- Type Dot Point Heading Text Here -->
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Keep the portfolio risk profile constant <!-- Type Dot Point Text Here -->
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As market conditions change, adjust portfolios to maintain specified risk targets <!-- Type Dot Point Text Here -->
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Dynamic Return Enhancement <!-- Type Dot Point Heading Text Here -->
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Seek excess return opportunities whilst keeping to risk targets <!-- Type Dot Point Text Here -->
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Apply multiple return signals to increase conviction <!-- Type Dot Point Text Here -->
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Only move when there is sufficient confidence<!-- Type Dot Point Text Here -->
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Click on each link to view Performance Returns for the period ending
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<p style="margin-right:0cm;margin-bottom:12.0pt;margin-left:20.35pt"><u></u><span style="font-family:Symbol;color:gray"><span>·<span style="font:7.0pt &quot;Times New Roman&quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><u></u><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:#1f497d"><a href="http://www.dfsadvisory.com.au/files/Risk%20Targeting%20Performance%20Report_Conservative_December%2012.pdf" target="_blank">Risk Targeting Model – Conservative</a></span><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:gray"><u></u><u></u></span></p>
<p style="margin-right:0cm;margin-bottom:12.0pt;margin-left:20.35pt"><u></u><span style="font-family:Symbol;color:gray"><span>·<span style="font:7.0pt &quot;Times New Roman&quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><u></u><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:#1f497d"><a href="http://www.dfsadvisory.com.au/files/Risk%20Targeting%20Performance%20Report_Balanced_December%2012.pdf" target="_blank">Risk Targeting Model – Balanced</a></span><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:gray"><u></u><u></u></span></p>
<p style="margin-right:0cm;margin-bottom:12.0pt;margin-left:20.35pt"><u></u><span style="font-family:Symbol;color:gray"><span>·<span style="font:7.0pt &quot;Times New Roman&quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><u></u><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:#1f497d"><a href="http://www.dfsadvisory.com.au/files/Risk%20Targeting%20Performance%20Report_Growth_December%2012.pdf" target="_blank">Risk Targeting Model – Growth</a></span><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:gray"><u></u><u></u></span></p>
<p style="margin-right:0cm;margin-bottom:12.0pt;margin-left:20.35pt"><u></u><span style="font-family:Symbol;color:gray"><span>·<span style="font:7.0pt &quot;Times New Roman&quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><u></u><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:#1f497d"><a href="http://www.dfsadvisory.com.au/files/Growth%20Portfolios_Monthly%20Performance_December%2012.pdf" target="_blank">Growth Portfolios</a></span><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:gray"><u></u><u></u></span></p>
<p style="margin-right:0cm;margin-bottom:12.0pt;margin-left:20.35pt"><u></u><span style="font-family:Symbol;color:gray"><span>·<span style="font:7.0pt &quot;Times New Roman&quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><u></u><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:#1f497d"><a href="http://www.dfsadvisory.com.au/files/Defensive%20Portfolio_Monthly%20Performance_December%2012.pdf" target="_blank">Defensive Portfolios</a></span><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:gray"><u></u><u></u></span></p>
<p style="margin-left:20.35pt"><u></u><span style="font-family:Symbol;color:#1f497d"><span>·<span style="font:7.0pt &quot;Times New Roman&quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><u></u><span style="font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:#1f497d"><a href="http://www.dfsadvisory.com.au/files/Alternatives%20Portfolio_Monthly%20Performance_December%2012.pdf" target="_blank">Alternative Investment Portfolios</a></span><b><span style="color:#1f497d"><u></u><u></u></span></b></p>
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For more information, contact:<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;;color:#1f497d">&nbsp;&nbsp;&nbsp; 
Stephen Romic<u></u><u></u></span></p>
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Tel : 03 9658 6703<u></u><u></u></span></p>
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